Bitcoin, Solana And Zcash Show Improving Long-Term Technical Setups

According to CNBC, Bitcoin, Solana and Zcash are showing improving long-term technical setups, with Bitcoin breaking above its 200-day moving average, Solana also moving above its 200-day moving average, and Zcash confirming a triangle breakout to new highs. Katie Stockton of Fairlead Strategies said Bitcoin's monthly stochastics have turned up from oversold levels and downside momentum has eased, suggesting its cyclical downtrend is maturing and a longer-term basing phase is underway. She said Bitcoin faces resistance around $84,000 and near $100,000, with support in the $58,000 to $60,000 zone. Stockton said Solana's breakout follows a long-term oversold condition and is supported by a weekly MACD buy signal, with resistance near $134 and initial support near $82. She said Zcash's breakout points to an upside objective near $1,200, with initial support around $660.